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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in- Capital
Accumulated Other Comprehensive Loss
Treasury Stock
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2020   55,535,554        
Beginning balance at Dec. 31, 2020 $ (5,752) $ 951 $ 233,921 $ (4,646) $ (1,260,478) $ 1,024,500
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 288,957         288,957
Other comprehensive income (loss), net of tax 72     72    
Share based payment activity (in shares) [1]   185,867        
Share based payment activity [1] 34,215   25,396   8,811 8
Dividends declared [1] (38,245)         (38,245)
Treasury purchases (in shares)   (112,195)        
Treasury purchases (13,365)       (13,365)  
Ending balance (in shares) at Dec. 31, 2021   55,609,226        
Ending balance at Dec. 31, 2021 265,882 $ 951 259,317 (4,574) (1,265,032) 1,275,220
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Dividends declared (in dollars per share)   $ 0.688        
Net income 332,152         332,152
Other comprehensive income (loss), net of tax (637)     (637)    
Share based payment activity (in shares) [1]   294,095        
Share based payment activity [1] 43,677   38,736   4,941 0
Dividends declared [1] (51,648)         (51,648)
Treasury purchases (in shares)   (3,702,418)        
Treasury purchases $ (434,766)       (434,766)  
Ending balance (in shares) at Dec. 31, 2022 52,200,903 52,200,903        
Ending balance at Dec. 31, 2022 $ 154,660 $ 951 298,053 (5,211) (1,694,857) 1,555,724
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Dividends declared (in dollars per share)   $ 0.95        
Net income 258,507         258,507
Other comprehensive income (loss), net of tax (460)     (460)    
Share based payment activity (in shares) [1]   366,121        
Share based payment activity [1] 46,586   32,697   13,889  
Dividends declared [1] (57,872)         (57,872)
Treasury purchases (in shares)   (3,040,779)        
Treasury purchases $ (365,823)       (365,823)  
Ending balance (in shares) at Dec. 31, 2023 49,526,245 49,526,245        
Ending balance at Dec. 31, 2023 $ 35,598 $ 951 $ 330,750 $ (5,671) $ (2,046,791) $ 1,756,359
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Dividends declared (in dollars per share) $ 0.2875 $ 1.15        
[1] In May 2021, the Company resumed the payment of quarterly dividends, subject to future declarations by the Company's Board of Directors, and declared a quarterly cash dividend of $0.225 per share of common stock. On December 6, 2021, the Company's Board of Directors approved a 6% increase in the quarterly cash dividend and declared a quarterly cash dividend of $0.2375 per share of common stock. During the year ended December 31, 2022, the Company declared cash dividends at a quarterly rate of $0.2375 per share of common stock. In March 2023, the Company's board of directors approved a 21% increase in the quarterly cash dividend to $0.2875 per share, which is the current per share dividend amount that was utilized in each of the dividends that were declared in 2023. During certain periods presented, accumulated dividends were paid to certain shareholders upon vesting of their performance vested restricted stock units ("PVRSU"), which are presented in Share-based payment activity.